Verdicts genuinely change. Free email alert the moment DRN's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Direxion Daily Real Estate Bull 3X Shares ETF · Direxion Shares ETF Trust
36 holdings · as of 2026-07-31 (2.5 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 118% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 36.59% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 52% turns out to be. Matching more holdings can only raise this share, never lower it.
36 holdings, 29 matched (56% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
0.80% of this portfolio’s income is non-permissible — weighted across holdings, computed over 45% of portfolio weight (23 of 36 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| DREYFUS | UNSCREENED | 22.57% | no in-house ratios for this holding |
| GOLDMAN FINANCIAL | UNSCREENED | 8.78% | no in-house ratios for this holding |
| N/A | UNSCREENED | 8.15% | no in-house ratios for this holding |
| WELL WELLTOWER INC | COMPLIANT | 7.82% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| N/A | UNSCREENED | 7.33% | no in-house ratios for this holding |
| PLD PROLOGIS INC | COMPLIANT | 6.37% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| EQIX EQUINIX INC | COMPLIANT | 4.75% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| AMT AMERICAN TOWER CORP | NON_COMPLIANT | 3.82% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SPG SIMON PROPERTY GROUP INC | NON_COMPLIANT | 3.52% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| DLR DIGITAL REALTY TRUST INC | COMPLIANT | 3.45% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| PSA PUBLIC STORAGE | NON_COMPLIANT | 3.33% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| VTR VENTAS INC | COMPLIANT | 3.24% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| O REALTY INCOME CORP | NON_COMPLIANT | 3.23% | AAOIFI3.5% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| CBRE CBRE GROUP INC | COMPLIANT | 3.06% | AAOIFI20.1% Usmani27.9% Dow Jones Islamic19.6% S&P Shariah22.3% MSCI Islamic27.2% MSCI Islamic M-Series22.3% FTSE Shariah19.0% |
| IRON MOUNTAIN INC (REIT) | UNSCREENED | 2.59% | no in-house ratios for this holding |
| CCI CROWN CASTLE INC | NON_COMPLIANT | 2.37% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| EXR EXTRA SPACE STORAGE INC | NON_COMPLIANT | 2.23% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| VICI VICI PROPERTIES INC | NON_COMPLIANT | 2.05% | AAOIFI57.8% Usmani35.1% Dow Jones Islamic55.7% S&P Shariah58.1% MSCI Islamic35.1% MSCI Islamic M-Series58.1% FTSE Shariah35.1% |
| AVB AVALONBAY COMMUNITIES INC | NON_COMPLIANT | 1.84% | AAOIFIfail Usmanifail Dow Jones Islamic— S&P Shariah— MSCI Islamicfail MSCI Islamic M-Series— FTSE Shariahfail |
| EQUITY RESIDENTIAL | UNSCREENED | 1.61% | no in-house ratios for this holding |
| SBAC SBA COMMUNICATIONS CORP | NON_COMPLIANT | 1.37% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| ESS ESSEX PROPERTY TRUST INC | NON_COMPLIANT | 1.30% | AAOIFI35.7% Usmani49.5% Dow Jones Islamic37.2% S&P Shariah39.3% MSCI Islamic49.5% MSCI Islamic M-Series39.3% FTSE Shariah49.5% |
| WY WEYERHAEUSER COMPANY | NON_COMPLIANT | 1.29% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| KIM KIMCO REALTY CORP | NON_COMPLIANT | 1.22% | AAOIFI51.8% Usmani38.5% Dow Jones Islamic53.4% S&P Shariah57.2% MSCI Islamic38.5% MSCI Islamic M-Series57.2% FTSE Shariah38.5% |
| INVH INVITATION HOMES INC | NON_COMPLIANT | 1.16% | AAOIFI52.4% Usmani46.2% Dow Jones Islamic47.8% S&P Shariah46.8% MSCI Islamic46.2% MSCI Islamic M-Series46.8% FTSE Shariah46.2% |
| HST HOST HOTELS & RESORTS INC | NON_COMPLIANT | 1.14% | AAOIFI8.4% Usmani9.6% Dow Jones Islamic10.8% S&P Shariah11.0% MSCI Islamic9.6% MSCI Islamic M-Series11.0% FTSE Shariah9.6% |
| MAA MID-AMERICA APARTMENT COMMUNITIES INC | NON_COMPLIANT | 1.10% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| DOC HEALTHPEAK PROPERTIES INC | NON_COMPLIANT | 1.07% | AAOIFI67.5% Usmani46.3% Dow Jones Islamic80.6% S&P Shariah86.7% MSCI Islamic46.3% MSCI Islamic M-Series86.7% FTSE Shariah46.3% |
| REG REGENCY CENTERS CORP | NON_COMPLIANT | 0.94% | AAOIFI36.3% Usmani38.4% Dow Jones Islamic38.6% S&P Shariah41.4% MSCI Islamic38.4% MSCI Islamic M-Series41.4% FTSE Shariah38.4% |
| CSGP COSTAR GROUP INC | QUESTIONABLE | 0.84% | AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8% |
| UDR UDR INC | NON_COMPLIANT | 0.80% | AAOIFI41.8% Usmani54.8% Dow Jones Islamic45.2% S&P Shariah46.9% MSCI Islamic54.8% MSCI Islamic M-Series46.9% FTSE Shariah54.8% |
| CPT CAMDEN PROPERTY TRUST | NON_COMPLIANT | 0.79% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BXP BXP INC | NON_COMPLIANT | 0.74% | AAOIFI8.5% Usmani3.9% Dow Jones Islamic9.4% S&P Shariah9.9% MSCI Islamic3.9% MSCI Islamic M-Series9.9% FTSE Shariah3.9% |
| FRT FEDERAL REALTY INVESTMENT TRUST | NON_COMPLIANT | 0.70% | AAOIFI48.5% Usmani54.6% Dow Jones Islamic56.8% S&P Shariah59.6% MSCI Islamic54.6% MSCI Islamic M-Series59.6% FTSE Shariah54.6% |
| N/A | UNSCREENED | 0.68% | no in-house ratios for this holding |
| ARE ALEXANDRIA REAL ESTATE EQUITIES INC | NON_COMPLIANT | 0.58% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
The published standards disagree about this fund by 25 points of portfolio weight — 30.6% of it passes AAOIFI, 5.2% passes Usmani. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 30.6% ratios fail on 17.3% 70.0% not rated under AAOIFI
ratios pass on 5.2% ratios fail on 33.7% 79.0% not rated under Usmani
ratios pass on 28.6% ratios fail on 17.4% 71.9% not rated under Dow Jones Islamic
ratios pass on 28.6% ratios fail on 17.4% 71.9% not rated under S&P Shariah
ratios pass on 11.1% ratios fail on 36.7% 70.0% not rated under MSCI Islamic
ratios pass on 28.6% ratios fail on 17.4% 71.9% not rated under MSCI Islamic M-Series
ratios pass on 14.2% ratios fail on 33.7% 70.0% not rated under FTSE Shariah
29 of 36 listed holdings carry our own per-methodology verdicts (66% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 24 (57% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| AMT AMERICAN TOWER CORP | 3.82% |
| SPG SIMON PROPERTY GROUP INC | 3.52% |
| PSA PUBLIC STORAGE | 3.33% |
| O REALTY INCOME CORP | 3.23% |
| CCI CROWN CASTLE INC | 2.37% |
| EXR EXTRA SPACE STORAGE INC | 2.23% |
| VICI VICI PROPERTIES INC | 2.05% |
| AVB AVALONBAY COMMUNITIES INC | 1.84% |
| SBAC SBA COMMUNICATIONS CORP | 1.37% |
| ESS ESSEX PROPERTY TRUST INC | 1.30% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Direxion Daily Real Estate Bull 3X Shares (DRN) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Computing the full ratio and business-activity breakdown for DRN — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 48.40 | NEUTRAL |
| Stochastic %K (14) | 80.49 | SELL |
| CCI (20) | 52.65 | NEUTRAL |
| Williams %R (14) | -19.51 | SELL |
| MACD (12,26,9) | 0.12 | BUY |
| ROC (10) | 8.70 | BUY |
| Momentum (10) | 0.71 | BUY |
| EMA (10) | 8.63 | BUY |
| SMA (10) | 8.48 | BUY |
| EMA (20) | 8.78 | BUY |
| SMA (20) | 8.63 | BUY |
| EMA (30) | 9.02 | SELL |
| SMA (30) | 8.99 | SELL |
| EMA (50) | 9.42 | SELL |
| SMA (50) | 9.69 | SELL |
| EMA (100) | 9.81 | SELL |
| SMA (100) | 10.28 | SELL |
| EMA (200) | 9.64 | SELL |
| SMA (200) | 9.93 | SELL |
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is provided by S&P Dow Jones Indices (the “index provider”) and includes securities of companies from the following industries: real estate management and development and REITs, excluding mortgage REITs. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 43 |
| ⏰ 4H | RANGING | 41 |
| 🕐 1H | BEARISH | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.